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22C l, s object to revisit SELEC UNIV. OF FL LIB. AUG -3 ---. NET R U.S. DEPOt 1TORY 2. OTHER 3. TO 4. MISCE 5. IN 6. FIXED 7. RE L0 O 8. IN 9. AM 10. 11. INC 12. OTHER 13. ORDIN i 1 14. EXTRA 196 15. PRIOR cn 16. FEDER PER 17. TO 18. NE UNIVERSITY OF FLORIDA I11lll1111IIIIIIlllIIIIIlIIIIIlIl INTERSTATE CO ERCE COMMISSION 3 1262 08851 4913 Bureau of accounts TED INCOME AND BALANCE-SHEET ITEMS OF CLASS I RAILROADS IN THE UNITED STATES Compiled from 77 railroad reports, Form IBS, (Excluding Switching and Terminal Companies) Income Account Items AILWAY OPERATING INCOME ...................... SINCOME ...................................... TAL INCOME ................................... LLANEOUS DEDUCTIONS FROM INCOME .............. COME AVAILABLE FOR FIXED CHARGES ............. I CHARGES: NT FOR LEASED ROADS AND EQUIPMENT ........... TEREST DEDUCTIONS L/ ........................ ORTIZATION OF DISCOUNT ON FUNDED DEBT ........ TOTAL FIXED CHARGES ......................... COME AFTER FIXED CHARGES ..................... SDEDUCTIONS .................................. ARY INCOME ................................... ORDINARY ITEMS-NET ........................... SPERIOD ITEMS-NET ............................ AL INCOME TAXES ON EXTRAORDINARY AND PRIOR IOD ITEMS .................................... TAL EXTRAORDINARY AND PRIOR PERIOD ITEMS ..... T INCOME 2/ .................................. UNITED STATES For the first quarter of $147,953,915 110,3604993 258,258,908 20,958,955 237,299,953 14,844,230 103,564,039 1,186,698 119,594,967 117,704,986 8,235,736 109,469,250 216,292 0 EASTERN DISTRICT For the first quarter of 1968 1967 1967 $145s352*018 116,503,106 261,858,124 18,392s359 2413462,765 140754s385 97,134,732 1,211#573 113,1060690 130,362s075 8*671#617 121;690*458 0 0 $23,679s503 47,217,956 70,897,459 7,316,684 63,580,775 11*994,215 46,863,299 377,089 59,234#603 4,346,172 1,419,290 2,926,882 97,659 0 0 97,659 3.024,541 0 0 216,292 0 109,685,542 121,690,458 $32.579,403 4792959920 79,875,323 6,443,199 73,432,124 11,892,728 43,930#407 390,508 56,213S643 17,218,481 1.443,283 15#775.198 0 0 0 0 15,775,198 19. DIVIDENDS ON COMMON STOCK ......................... *107,648,935 **114,780,082 20. DIVIDENDS ON PREFERRED STOCK ...................... 8,641,317 8,704,429 20a RATIO OF INCOME TO FIXED CHARGES .................. Income Account Items 1. NET RAILWAY OPERATING INCOME ...................... 2. OTHER INCOME ...................................... 3. TOTAL INCOME ................................... 4. MISCELLANEOUS DEDUCTIONS FROM INCOME .............. 5. INCOME AVAILABLE FOR FIXED CHARGES ............. 6. FIXED CHARGES: 7. RENT FOR LEASED ROADS AND EQUIPMENT ............ 8. INTEREST DEDUCTIONS 1/ ......................... 9. AMORTIZATION OF DISCOUNT ON FUNDED DEBT ........ 10. TOTAL FIXED CHARGES ......................... 11. INCOME AFTER FIXED CHARGES ..................... 12. OTHER DEDUCTIONS .................................. 13. ORDINARY INCOME ................................... 14. EXTRAORDINARY ITEMS-NET ........................... 15. PRIOR PERIOD ITEMS-NET ............................ 16. FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR PERIOD ITEMS .................................... 17. TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS ..... 18. NET INCOME 2/ .................................. 19. DIVIDENDS ON COMMON STOCK ......................... 20. DIVIDENDS ON PREFERRED STOCK ...................... 20a RATIO OF INCOME TO FIXED CHARGES .................. Balance-Sheet Items Current Assets SOUTHERN DISTRICT For the first quarter of 1968 1967 537,670*700 13,258,731 50,929,431 2,362,172 48,567,259 2,677,945 17,716,842 357,499 20,752,286 27,814*973 668,654 27.146s319 0 0 0 0 27,146,319 15s122,260 2,362,298 2.34 $40#853s259 12*909,964 3,763s223 2,526,757 51,236,466 2,617,420 16,764,881 383,894 19,766,195 31,470,271 670,456 30.799,815 0 0 0 0 30,799,815 14,512,041 2,367,346 2.59 UNITED STATES Balance at the end of March 1968 1967 CASH .............................................. 275,431,825 TEMPORARY CASH INVESTMENTS ........................ 844,383,231 SPECIAL DEPOSITS .................................. 51,664,449 LOANS AND NOTES RECEIVABLE ....................... 9, 188,054 TRAFFIC AND CAR-SERVICE BALANCES--DR .............. 70,232,136 NET BALANCE RECEIVABLE FROM AGENTS AND CONDUCTORS 326,176,516 MISCELLANEOUS ACCOUNTS RECEIVABLE ................. 349,028#232 INTEREST AND DIVIDENDS RECEIVABLE ................. 17,648*093 ACCRUED ACCOUNTS RECEIVABLE ........................ 493,551,500 WORKING FUND ADVANCES ............................. 7,481,181 PREPAYMENTS ....................................... 17,213,944 MATERIAL AND SUPPLIES ............................. 520,731,280 OTHER CURRENT ASSETS .............................. 44,787,207 TOTAL CURRENT ASSETS ........................... 3 027,517,648 Selected Assets and Liabilities 39,857,572 47,483,408 231,039 231,039 L107 1.31 WESTERN DISTRICT For the first quarter of 1968 1967 $86s603.712 49,828,306 136s432,018 11,280,099 125,151,919 172,070 38,983,898 452,110 39,608,078 85,543,841 6,147,792 79s396,049 118,633 0 0 118#633 79,514,682 $71,919,356 560297,222 128,216,578 9,422,403 118,794,175 244,237 36,439,444 437,171 37,120,852 81,673,323 6,557,878 75*115,445 0 0 0 0 75,115,445 *52,669,103 **52,784,633 6,047.980 6.106,044 3.16 3.20 Balance-Sheet Items Current Liabilities $298s390,705 979#516,052 51,143,444 12#005,668 64,304,986 300#696,048 334#734,622 20*315,386 435*892*952 11,744,887 16#617#717 540,629,757 360995,292 3#102,987,516 UNITED STATES Balance at the end of March 1968 1967 EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD ..................... $71816,621 EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EQUIPMENT ................ 246,919,982 INVESTMENTS IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF AFFILIATED COMPANIES.314, 983 581 OTHER DEFERRED CHARGES ........................... ........................... 150228 857 EQUIPMENT OBLIGATIONS AND OTHER DEBT DUE WITHIN ONE YEAR / ............... 532, 077,679 ANALYSIS OF TAXES ACCRUED: U. S. GOVERNMENT TAXES .......................... ........................ 202,155,784 OTHER THAN U. S. GOVERNMENT TAXES ........................................209,881,747 OTHER DEFERRED CREDITS ......................................................237P971,058 $75#811,890 330O309,130 310#115,030 156,912,921 546,296,872 246*162,005 204*806,160 232,057,469 UNITED STATES Balance at the end of March LOANS AND NOTES PAYABLE ../.............. $45,016*793 TRAFFIC AND CAR-SERVICE BALANCES--CR. ... 85,774*206 AUDITED ACCOUNTS AND WAGES PAYABLE ...... 325,658,118 MISCELLANEOUS ACCOUNTS PAYABLE ......... 161,176,443 INTEREST MATURED UNPAID ................. 53,381*139 DIVIDENDS MATURED UNPAID ............... 19,608,802 UNMATURED INTEREST ACCRUED .............. 96,427,254 UNMATURED DIVIDENDS DECLARED ........... 37, 259, 160 ACCRUED ACCOUNTS PAYABLE ................ 939#105,603 FEDERAL INCOME TAXES ACCRUED ........... 134,829*262 OTHER TAXES ACCRUED .................. 277,208,269 OTHER CURRENT LIABILITIES ................ 166,120*375 TOTAL CURRENT LIABILITIES ............2, 341,565,424 1967 $20,119,205 78*807,715 314 605s271 151,7819594 54,307,710 20#8740830 89,242*451 39,856,024 8820983,462 178#973)350 271,994,815 151,452,602 2s254,999,029 * Includes $2,167,255 dividends on class A stock, neither classified as common or preferred. ** Includes $2,317,159 dividends on class A stock, neither classified as common or preferred. 1/ Represents accruals, including the amount in default. 2/ Analysis of the net income for the first quarter in 1968 shows 54 carriers with a net income of $146,389,484 and 20 carriers with a net deficit of $36,703,942 as compared with the first quarter of 1967 which showed 49 carriers with a net income of $154,794,727 and 25 carriers with a net deficit of $33,104,269. Excluded from the analysis are three roads whose net income (or deficit) was absorbed by the controlling company. 3/ Includes obligations which mature not more than one year after date of issue. 4/ Includes payments of principal of long-term debt (other than long-term debt in default) which becomes due within one year after close of month or report. Statement No. Q-125 (IS) First Quarter 1968 INTERSTATE COMMERCE COMMISSION Bureau of Accounts SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS FOR THE THREE MONTHS ENDED MARCH 1968 AND 1967 Page 2 District and railroad NET RAILWAY OPERATING INCOME NET INCOME DIVIDEND APPROPRIATIONS 1968 District and railroad NET RAILWAY OPERATING INCOME 1968 NET INCOME 1967 DIVIDEND APPROPRIATIONS 1968 United States Total ............. $147,953*915 $145P3522018 $109s685 542 $121,690,458 S116>.290s252 $123,484,511 Southern District Continued Eastern District Total .......... Akron, Canton & Youngstown ........ Ann Arbor .......................... Baltimore and Ohio ................ Bangor & Aroostook ............... Bessemer & Lake Erie ............. Boston & Maine .................... Canadian Pacific Lines In Maine ... Central Railroad Company of N.J. 1/ Central Vermont .................. Chesapeake and Ohio ............... Chicago & Eastern Illinois ........ Chicago & Illinois Midland ........ Delaware and Hudson ............... Detroit and Toledo Shore Line .. Detroit, Toledo, and Ironton ...... Elgin, Joliet and Eastern ......... Erie-Lackawanna ................... Grand Trunk Western ............... Illinois Terminal ................. Lehigh Valley .................... Long Island ..................... Maine Central ..................... Missouri-Illinois ................. Monon ....................... ..... Monongahela Ry. Co. ............... New York, New Haven & Hartford 1/ Norfolk and Western ............... Penna.-New York Central Tptn. Co.2/ Pennsylvania-Reading Seashore Lines Pittsburgh & Lake Erie .......... Reading Company ................... Richmond, Fredericksburg & Potomac. Western Maryland .................. Southern District Total ......... Alabama Great Southern ........... Central of Georgia ................ Cincinnati, N. 0. & Texas Pacific . 2)3679,503 318,612 -21,887 -11187 154,458 652,113 -1*049,524 1550686 -1,851s477 -261*993 9,871,169 -482,516 128,856 860,882 136,287 1,2024465 987,200 -3,084,392 -lj178,792 -201,810 -1,487,628 -2*794,682 442#707 1*128*293 413P563 194*454 -6*852,111 24;605S198 -2*932*297 -956*570 2*796,483 371*009 698,861 1,728*073 37*670#700 822*467 231,093 2*678*002 32,579,403 3*0240541 15,775,198 40,088,611 47,714,447 268,940 -91,728 4,165,309 580.701 501.307 527,507 378,708 -2,282#345 -750756 9,988,000 -822#028 178,790 782#719 192,300 948,633 637o389 193,825 -148,944 -3,0000335 -241,673 730#421 -1,993.628 0 -2,651,731 -414,840 7,240,839 -906,130 172,935 548,239 90*004 868,947 1,277,571 148,815 -206,895 2,489,705 871,249 642,395 -615,761 0 -3,224,639 -229,332 7,983,470 -1*116,466 223,076 569,454 151*394 582,236 957*976 508,128 0 0 0 149,988 0 0 0 0 8,688,726 0 0 0 60*000 0 0 508,128 0 0 0 149,988 0 0 0 0 8,686,659 0 0 1,547.220 60,000 0 0 Clinchfield ..................................... 2,339, 305 Florida East Coast ............................ 84,704 Georgia Railroad, Lessee Organization ......... -21,981 Georgia Southern & Florida .................... 346,080 Gulf, Mobile and Ohio ......................... 2*679,477 Illinois Central .............................. 2*215,982 Louisville and Nashville ...................... 6.608*583 New Orleans and Northeastern .................. 320*341 Norfolk Southern .............................. 239,774 Piedmont and Northern ......................... 2434646 Savannah & Atlanta Ry. Co. ..................... 200*253 Seaboard Coast Line ........................... 7,235,420 Southern .......................................11447554 Western District Total ...................... 86,603*712 255,967 -5,8344764 -Il518098 0 0 Atchison, Topeka & Santa Fe ................... 12,046.017 -2,930*805 -3,457*524 -4,815*333 0 0 Chicago & North Western ....................... 553*014 29,036 -297#025 -73,229 0 110,000 Chicago, Burlington & Quincy .................. 3686,293 -974p717 -1,959,556 -1i425,124 0 0 Chicago Great Western ......................... 340740 -2,610,181 -2,635,482 .2,064,318 0 0 Chicago, Milwaukee, St. Paul & Pacific ....... 2,211,770 516,016 750725 159,684 9,976 9,976 Chicago, Rock Island & Pacific ................ 1529,285 912,126 907#058 802*872 1,000,768 6,327*300 Colorado and Southern ......................... 746,613 312,628 234,060 102,079 0 357,114 Denver & Rio Grande Western ................... 3364,066 230,430 105#713 101*236 0 0 Duluth, Missabe and Iron Range ................ -969*750 -5,728,089 -6,469s261 -5,771,253 0 0 Duluth, Winnipeg & Pacific .................... 536,511 25,066,779 16,170,786 18,569,850 13,473,728 13,833,420 Fort Worth & Denver ........................... 910,611 -2*470 575 1,026,112 895,487 13,826,339 13,743.771 Great Northern ................................ 3,165.577 -844,875 -1.126,942 -1,006*551 0 0 Kansas City Southern ......................... s1830,322 2,181,927 2*776*969 2.257,778 1,058,457 1,058,490 Lake Superior & Ishpeming ..................... -898853 121,044 -380*704 -1,451,852 0 0 Louisiana & Arkansas .......................... 823,996 824,589 1,041*057 1,091,797 526,593 536,473 Missouri-Kansas-Texas ......................... 718*546 1*809,657 1,082,819 1,193,496 785,908 785,908 Missouri Pacific ................................... 7102,051 Northern Pacific ............................... 905 318 Northwestern Pacific .......................... 173.883 St. Louis-San Francisco ....................... 4,320#109 St. Louis Southwestern ................ ........ 77240023 Soo Line ..................................... 2,564,451 40.853#259 271460,39 30*799s,815 17,484*558 16,8790387 Southern Pacific .............................. 16, 144,281 Spokane, Portland and Seattle ................. 996,641 Texas & Pacific ............................... 1,143,734 479,692 654#687 407,081 0 0 Toledo, Peoria & Western ..................... 181625 -473*478 -261,379 -943,084 0 0 Union Pacific ................................ 16,578298 1I694,076 1,546,101 625,356 0 0 Western Pacific ............................... 1,233,110 $ 2,356875 $ 0 $ 0 $ 0 8,597 1370162 207,293 0 307,137 0 0 0 13,988 308*377 .30*749 0 2,461.722 1,844,332 1,794,609 726,761 3,853,295 4,0300975 3,9399211 2,404,965 7,783,145 4,937,686 5*0574550 2*475*729 238,676 280,281 197,458 0 128*162 70,561 .43,874". 0 246,702 261#934 267;,8i2 154,522 235.920 170,526 21288'. : 0" 10,889.544 5,205,091 10,758,574'- A' 794*,289' 10,629s,206 7,959,985 8,349,705 ".6-92t.292- . $ 0 0 0 714,870 2,400,540 2*474,078 0 0 1540522 0 4.219,910 6,915,467 710919,356 79,514,682 75.115,445 58,717,083 58,890,677 9,790,917 -1,983,330 4,146,346 262,681 2,028,983 -911,753 124,394 3,322,109 -1,470,267 404,844 -288,177 3,167,349 1,727,175 -898,037 667,108 -592.390 8,259,733 59,921 -374,022 3.810.644 6,450,641 111*140 15,126.403 474.808 1*208,782 126,515 15,683,635 1#483.204 10,929s569 -1,381,251 2.239,919 204*023 640,080 -1.876*387 646,166 2,643,866 -736,980 437,111 819,840 3,243,453 966,560 -929*406 825,744 11,548 5,178*847 2,617,920 241Z794 2,389,726 7,868,539 1,927,300 17,729,365 528#820 1,020,627 194,356 20,325o443 808,090 8,767,322 -2.803,622 2,561,244 135,384 -491,154 -699,896 74#835 2,641,689 -971,673 291*426 -274,671 3.716.482 1,042*211 -938,060 683,297 -1*300*296 10*482,708 1,904,693 -264,866 2*298,545 6,279,599 -323,473 17,077.844 123*793 2,410,712 152,391 21,374,926 1 164,055 9,864,816 790,709 2,562,581 228,589 2,593,260 0 0 1,755,968 0 0 0 4,617,278 1,229,198 83,527 0 0 2,167,255 3,893*993 0 1,884,752 994s185 1,265,909 10,856*546 0 0 112,500 12,714,618 1,101,399 9,859,234 18,444 2.562,581 228,589 4,768,856 0 0 1,748,108 0 0 0 4,615.632 S1229 198 83#676 0 0 2*317,159 3,924,772 0 1,769s038 994#185 1,898,864 10,178,072 0 0 0 11,593,156 1*101,113 Deficit or other reverse item. 1/ Report of trustees. 2/ Includes New York Central and Pennsylvania, which GPO 944.097 merged February 1, 1968. rKc /siza 3?0/ subject to revisit Subject to revisi( SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I RAILROADS IN THE UNITED STATES Compiled from 77 railroad reports, Form IBS, (Excluding Switching and Terminal Companies) UNITED STATES Income Account Items UNIV. OF FL LIU AUG DEPO u.s. 0DErO TORY For the second quarter of 1968 1. NET RAILWAY OPERATING INCOME ...................... $207,472,494 2. OTHER INCOME ...................................... 110,095,815 3. TOTAL INCOME ................................... 317,568,309 4. MISCELLANEOUS DEDUCTIONS FROM INCOME ............. 20,891,925 5. INCOME AVAILABLE FOR FIXED CHARGES ............. 296,676,384 6. FIXED CHARGES: 7. RENT FOR LEASED ROADS AND EQUIPMENT ............ 15,232,783 8. INTEREST DEDUCTIONS _/ ........................ 105,515,431 9. AMORTIZATION OF DISCOUNT ON FUNDED DEBT ........ 1,186,813 10. TOTAL FIXED CHARGES ......................... 121,935,027 11. INCOME AFTER FIXED CHARGES ..................... 174,741,357 12. OTHER DEDUCTIONS .................................. 8,408,597 13. ORDINARY INCOME .................................. 166,332,760 14. EXTRAORDINARY ITEMS-NET ........................... 7,568,099 15. PRIOR PERIOD ITEMS-NET ............................ 0 16. FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR PERIOD ITEMS .................................... -220,054 17. TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS ..... 7,788.153 18. NET INCOME 2/ ................................... 174,120,913 19. DIVIDENDS ON COMMON STOCK ......................... *131,787,506 20. DIVIDENDS ON PREFERRED STOCK ...................... 4,267,645 20a RATIO OF INCOME TO FIXED CHARGES .................. Income Account Items 1. NET RAILWAY OPERATING INCOME ...................... 2. OTHER INCOME ...................................... 3. TOTAL INCOME .................................. 4. MISCELLANEOUS DEDUCTIONS FROM INCOME .............. 5. INCOME AVAILABLE FOR FIXED CHARGES ............ 6. FIXED CHARGES: 7. RENT FOR LEASED ROADS AND EQUIPMENT ............ 8. INTEREST DEDUCTIONS / ........................ 9. AMORTIZATION OF DISCOUNT ON FUNDED DEBT........ 10. TOTAL FIXED CHARGES ......................... 11. INCOME AFTER FIXED CHARGES ..................... 12. OTHER DEDUCTIONS .................................. 13. ORDINARY INCOME ................................... 14. EXTRAORDINARY ITEMS-NET ........................... 15. PRIOR PERIOD ITEMS-NET ............................ 16. FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR PERIOD ITEMS .................................... 17. TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS ..... 18. NET INCOME 2/ .................................. 19. DIVIDENDS ON COMMON STOCK ......................... 20. DIVIDENDS ON PREFERRED STOCK ....................... 20a RATIO OF INCOME TO FIXED CHARGES .................. Balance-Sheet Items Current Assets 21. CASH .............................................. 22. TEMPORARY CASH INVESTMENTS ........................ 23. SPECIAL DEPOSITS .................................. 24. LOANS AND NOTES RECEIVABLE ........................ 25. TRAFFIC AND CAR-SERVICE BALANCES--DR.............. 26. NET BALANCE RECEIVABLE FROM AGENTS AND CONDUCTORS 27. MISCELLANEOUS ACCOUNTS RECEIVABLE ................. 28. INTEREST AND DIVIDENDS RECEIVABLE ................. 29. ACCRUED ACCOUNTS RECEIVABLE ....................... 30. WORKING FUND ADVANCES ............................. 31. PREPAYMENTS ....................................... 32. MATERIAL AND SUPPLIES ............................. 33. OTHER CURRENT ASSETS .............................. 34. TOTAL CURRENT ASSETS ........................... 1967 $179,41R,414 107,001,802 286,420,216 18,970,950 267,449,266 14,912,138 98S615,667 1,255,394 114,783,199 152,666,067 9,028,734 143,637,333 0 0 0 0 143,637,333 For the six months of 1968 $355,426 409 220,400,808 575,827,217 41,850,880 533,976,337 30,077,013 209,079,470 2,373,511 241,529,994 292,446,343 16,644,333 275,802,010 7,784,391 0 -220,054 8,004,445 283,806,455 1967 $324,770,432 223,504,908 548,275,340 37,363,309 510,912,031 29,666,523 195,750,399 2,466,967 227s883,889 283,028,142 17,700,351 265,327,791 0 0 0 0 265,327,791 *151,853,481 **239,436,441 **267,119,050 4,608,797 12,908,962 13,313,256 2.21 2.24 SOUTHERN DISTRICT For the second quarter of For the six months of 1968 1967 1968 1967 $43,449,989 12,438,395 55,888 384 4,035,735 51,852,649 2,745,982 18,234,672 367,334 21,347,988 30,504,661 666,929 29,837,732 7,692,801 0 0 7,692,801 37,530,533 16.650,212 385,331 2.43 $43,182 174 14,244,697 57,426 871 3,143,405 54,283,466 ?,678,818 17,114,098 393,228 20,186,144 34,097,322 669,403 33,427,919 0 0 $81,120,689 25,697,126 106,817,815 6,397s907 100,419,908 5,473,927 35,951,514 724,833 42,1001274 58,319,634 1,335,583 56,984,051 7,692,801 0 0 0 0 7,692,801 33,427,919 64,676,852 $84,035,433 27,154,661 111,190,094 5,670 162 105,519,932 5,296,238 33,878,979 777i122 39,952,339 65,567,593 1,339,859 64,227,734 0 0 0 0 64,227,734 16,042,643 31,772,472 30,554,684 386,581 2,747,629 2,753,957 2.69 UNITED STATES Balance at the end of June 1968 1967 $271,586,461 910,232,085 40,859,210 11,405,818 61,922,432 330,574,075 328 192,930 18 719,675 527,564,578 7,414,708 22,503,291 519,219,086 38,279,9A5 3,088,474,334 $276,108,943 892,197,198 46,315,843 3,323,720 64,754,712 286,161,414 310,771,064 19,040,846 447,366,750 12,590,136 19,594,674 546,512,428 36,313,856 2,961,051,584 EASTERN DISTRICT For the second quarter of For the six months of 1968 $66,885,328 40,595s393 107,480,721 6P629,662 100,851,059 12,303,826 47,992 193 358,996 60,6-45015 40,206,044 1,417,376 38,788,668 370,419 0 0 370,419 39,159,087 1967 $54,461,188 42,838 862 97,300,050 7,817,935 89,482 115 12,037,797 44,013,638 390,563 56,441,998 33,040 117 1,534,497 31,505,620 0 0 0 0 31,505,620 1968 $90,564,831 87,813,349 178,378,180 13,946,346 164,431,834 24,298,041 94,845,492 736,085 119,879,618 44,552,216 2,836,666 41,715,550 468,078 0 0 468,078 42,183,628 1967 $87,040,59i 90,134,782 177,175,373 14,261,134 162,914,239 23,930,525 87,944,045 781,071 112s655,641 50,258,598 2,977,780 47,280,818 0 0 0 0 47,280,818 53,245,151 47,514,243 93,102,723 95,483,138 157,599 157,769 388,638 388,808 1.66 1.59 1.37 1.45 WESTERN DISTRICT For the second quarter of For the six months of 1968 $97,137,177 57,062,027 154,199,204 10,226,528 143,972,676 182,975 39,298,566 460,483 39,942,024 104,030,652 6,3244292 97,706,360 -495,121 0 -220,054 -275,067 97,431,293 1967 $81,775,052 49,918,243 131,693,295 8,009,610 123,683,685 195j523 37,487,931 471,603 38,155,057 85,528,628 6,824,834 78,703,794 0 0 0 0 78,703,794 1968 $183,740,889 106,890,333 290,631,222 21,506,627 269,124,595 355,045 78,282,464 912,593 79,550,102 189,574,493 12,472,084 177,102,409 -376,488 0 -220,054 -156,434 176,945,975 1967 $153,694,408 106,215,465 259,909,873 17,432,013 242,477,860 439,760 73,927,375 908,774 75,275,909 167,201,951 13,382,712 i53,819,239 0 0 0 0 153,819,239 *61,892,143 *88,296,595 **114,561,246 **141,081,228 3,724,715 4,064,447 9,772,695 10,170,491 3.24 3.38 UNITED STATES Balance at the end of June 1968 1967 2.64 Balance-Sheet Items Current Liabilities 35. LOANS AND NOTES PAYABLE 3/ .............. 36. TRAFFIC AND CAR-SERVICE BALANCES--CR ... 37. AUDITED ACCOUNTS AND WAGES PAYABLE ...... 38. MISCELLANEOUS ACCOUNTS PAYABLE .......... 39. INTEREST MATURED UNPAID ................. 40. DIVIDENDS MATURED UNPAID ................ 41. UNMATURED INTEREST ACCRUED .............. 42. UNMATURED DIVIDENDS DECLARED ............ 43. ACCRUED ACCOUNTS PAYABLE ................ 44. FEDERAL INCOME TAXES ACCRUED ............ 45. OTHER TAXES ACCRUED ..................... 46. OTHER CURRENT LIABILITIES ............... 47. TOTAL CURRENT LIABILITIES ............ UNITED STATES $36,827 166 76,608,262 321,112,811 147,692,268 38,774,850 22,476,268 99,284,106 51,243,839 980,918,641 134,953,644 273,617,241 166,519,650 2,350,028,746 $51,283,480 81,n23,752 289,910,100 149,j99,746 45,249,510 18,988,288 93 116,718 67,195,078 911,273,160 99,640,081 273,964,218 150 812,247 2,232,456,378 Selected Assets and Liabilities EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD ..................... EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EQUIPMENT ................ INVESTMENTS IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF AFFILIATED COMPANIES. OTHER DEFERRED CHARGES ...................................................... EQUIPMENT OBLIGATIONS AND OTHER DEBT DUE WITHIN ONE YEAR 4/ ............. ANALYSIS OF TAXES ACCRUED: U. S. GOVERNMENT TAXES ................................................... OTHER THAN U. S. GOVERNMENT TAXES ........................................ OTHER DEFERRED CREDITS ...................................................... Balance at the end of June $157,573,344 466,571,058 285,523,985 155,711,272 562,910,375 1967 S174,270,278 620,801,568 303,236,255 169,632,861 532,320,069 202,728,670 165,790,110 205,842,215 207,814,189 250,786,731 242,685,456 1/ Represents accruals, including the amount in default. 2/ Analysis of the net income for the second quarter in 1968 shows 56 carriers with a net income of $192,141,981 and 18 carriers with a net deficit of $18,021,068 as compared with the second quarter of 1967 which showed 51 carriers with a net income of $175,227,446 and 23 carriers with a net deficit of $31,590,113. Excluded from the analysis are three roads whose net income (or deficit) was absorbed by the controlling company. 3/ Includes obligations which mature not more than one year after date of issue. 4/ Includes payments of principal of long-term debt (other than long-term debt in default) which becomes due within one year after close of month or report. * Includes dividends of $2,325,721 for 1968 and $2,320,284 for 1967 on class A stock. ** Includes dividends of $4,492,976 for 1968 and $4,637,443 for 1967 on class A stock. UNIVERSITY OF FLORIDA I 2IlIII IIII rIIllllllllIIIII INTERSTATE COMMERCE COMMISSION 3 1262 08851 4764 Bureau of Accounts Statement No. Q-125 (IB] Second Quarter 1968 J INTERSTATE COMMERCE COMMISSION Bureau of Accounts SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS FOR THE SIX MONTHS ENDED JUNE 1968 AND 1967 Page 2 District and railroad NET RAILWAY OPERATING INCOME 1968 1967 NET INCOME 1968 1967 DIVIDEND APPROPRIATIONS 1968 District and railroad NET RAILWAY OPERATING INCOME 1967 United States Total ............. 355,426,409 $324,770,432 $283,8n6,455 $265,327,791 2522,345,403 $280P432#306 Southern District Continued Eastern District Total .......... Akron, Canton & Youngstown ........ Ann Arbor ...................... Baltimore and Ohio ................ Bangor & Aroostook ................ Bessemer & Lake Erie .............. Boston & Maine ................... Canadian Pacific Lines In Maine.. Central Railroad Company of N.J.. 1/ Central Vermont.................. Chesapeake and Ohio ............... Chicago & Eastern Illinois ........ Chicago & Illinois Midland........ Delaware and Hudson ............... Detroit and Toledo Shore Line ..... Detroit, Toledo, and Ironton ...... Elgin, Joliet and Eastern ......... Erie-Lackawanna ................... Grand Trunk Western .............. Illinois Terminal................. Lehigh Valley ..................... Long Island.................... Maine Central .................... Missouri-Illinois ................. Monon ............................. Monongahela Ry. Co................ New York, New Haven & Hartford 1/ . Norfolk and Western ............... Penn-Central Co. 2/................ Pennsylvania-Reading Seashore Lines Pittsburgh & Lake Erie ........... Reading Company ................... Richmond, Fredericksburg & Potomac Western Maryland .................. 90,564,831 6190940 -185,588 11,434j536 1,136,475 3s260s973 18*475 386,793 -2,534,984 -482,800 21,804s726 -474,351 330#601 1,362 143 233,567 2,284,707 1,775,906 -348,196 -2,210*916 -390,411 -2,4260734 -3,447,983 943,125 2,233#531 710,299 107,185 -12,190,338 52,334,122 4,128,002 -1,951,509 6,133,989 821,600 1,478,615 3,669,331 Southern District Total ......... 81,120,689 Alabama Great Southern ........... Central of Georgia ................ Cincinnati, N. O. & Texas Pacific . 1,673,013 1,259,833 5,721,510 87,040,591 42,183*628 47,280,818 93,491,361 95,871,946 Clinchfield.................................. $ Florida East Coast .......................... 445,032 391,433 221,286 508,128 508,128 Georgia Railroad, Lessee Organization ....... 79,662 -351,027 -154,257 0 0 Georgia Southern & Florida .................. 9P419,971 6,014,894 7,55i,173 0 0 Gulf, Mobile and Ohio........................ 1,432,635 353,029 1,398,656 0 521,449 Illinois Central ............................ 2p652,676 3,603,325 3,091,775 2Q9,988 209,988 Louisville and Nashville .................... 1,057 134 -2,106,123 -1,102,402 0 0 New Orleans and Northeastern ............... 516,129 0 0 0 00 Norfolk Southern ............................ -3,861,803 -4,602,762 -5,896,190 0 0 Piedmont and Northern ....................... -612,987 -789,478 -922,717 0 0 Savannah & Atlanta Ry. Co. ................ 22.280,862 17,354,537 18,752,258 17,375,748 17,377,082 Seaboard Coast Line ...................... -597,848 -758,862 -1,221,247 0 0 Southern .................................... 320,758 1,989,630 315,521 I1850,557 429,124 1,198,072 145,071 1,648,376 412,484 1,476,639 254,989 1,146,233 0 0 120,000 0 0 1,547,220 120,000 0 4,666,001 170,350 224,209 793s823 5,581,170 8,200 177 15,934,634 794,301 346P525 454 574 357,174 13,362 lRO 21,581,215 Western District Total .................... 183,740,889 1,142,786 2,449,773 2,022,942 0 0 Atchison, Topeka & Santa Fe ................ 99,155 -5,781,141 -3,999,273 0 0 Chicago & North Western ..................... -4,421,802 -6,896,965 -8,502,314 0 0 Chicago, Burlington & Quincy ............... 100,963 -572,302 -105,700 0 110,000 Chicago Great Western ....................... -1,707,434 -3,290,792 -2,141,711 0 0 Chicago, Milwaukee, St. Paul & Pacific ..... -4,153,691 -3,206,966 -3,892,832 0 0 Chicago, Rock Island & Pacific ............. 1,055,745 219,226 317,427 518,713 499,953 Colorado and Southern ...................... 1,736,916 1,801,428 1,443,810 1,000,768 6,327,300 Denver & Rio Grande Western ................. 559,619 331,088 226,144 570,691 357,114 Duluth, Missabe and Iron Range .............. 712,830 -80,096 453,080 0 0 Duluth, Winnipeg & Pacific .................. -10,717,056 -11,419,590 -10,791,793 0 0 Fort Worth & Denver ......................... 50,429,945 35,544,094 34,974,305 26,947,455 27,666,840 Great Northern .............................. 6,576,847 3,091,210 7,748,423 41,481,407 35,857,705 Kansas City Southern ....................... -1,818,223 -2,292,105 -2*i51,295 0 0 Lake Superior & Ishpeming .................. 5,031,211 6,007,776 5,132,003 2,L16,914 2,116,965 Louisiana & Arkansas ..................... -347,952 -646,379 -3,084,813 0 0 Missouri-Kansas-Texas ....................... 1,827,340 2,135,333 2,326,857 1,069,733 1,080,386 Missouri Pacific .......................... 3,645,463 2,260,427 2,?96,e78 1,571,816 1,571,816 Northern Pacific ............................ Northwestern Pacific........................ St. Louis-San Francisco ,.................. St. Louis Southwestern ..................... Soo Line ................................... 84,035,433 64,676,852 64,227,734 34,520,101 33,308,641 Southern Pacific ............................ Spokane, Portland and Seattle ............... Texas & Pacific ............................ 799,480 1,607,738 923,124 896,828 896,828 Toledo, Peoria & Western ................. -991,025 283,995 -1,898,932 0 0 Union Pacific ............................... 3,747,824 3,306,215 1,623,539 897,000 897,000 Western Pacific ............................ 23,469,7?6 821,709 7,805,056 44,525 6,?64,203 -2,158,127 1,542,331 6,950s472 1,098,053 729,298 775,691 7,648,412 3,169,249 237,076 1,786,038 952*946 14,961,768 3,516,405 502,8?4 9,441,209 14,568 198 5,150,852 34,258,681 1,519,378 3'387,982 357,855 31,977 244 2,961,835 $ 5,146*182 89,641 685,595 -54,949 5,291,857 8,726,847 16,405,204 500,328 161,493 539,579 344,777 20,270,283 22,372,317 $ 0 83,760 0 718,457 3,889,352 16,281,849 11,li2,798 707,961 -8,394 460,913 310,622 l0,606,855 15,314,731 $ 0 177,469 0 -i44,738 3,78) 109 8,581 909 11,052,979 402,068 -190,341 571,821 303,240 20,473,797 18,570,690 S0 0 0 0 1;454;802 4,810,549 4;951,508 0 0 309,044 0 9;988se577 l1,61793 $ 0 0 0 0 1,430,816 4,802,020 4,948,407 0 0 309,044 0 8,437,127 11.587A01 153,694,408 176,945,975 153,819,239 124,333,941 151,2 .l,19 25,434,248 -2,083,413 7,650,517 -270,021 4,129,000 -6,449,246 425 123 6,656,375 622,656 506,953 -1,131,701 5,375,751 3,315,149 -47,473 1,172,227 -1*008,973 17,586,993 1,384,186 -498,898 8,296,826 13,130,468 1,302,482 28,331,573 1,311,039 2,649,033 249,328 3?,926,354 2,727,852 21,234,521 -2,530,148 4,677,342 224,109 2p399,993 -2,567,257 1,347,769 5,532,098 1,944,929 524,777 -172,922 7,634,555 5,381,768 176,674 1,822,165 -219,973 9,633,513 7,526,169 648,684 5,655,402 14,714,605 3,868,692 37,690,795 743,338 2,411,286 370,361 43,797,494 2,475,236 23*304*362 -3,969,450 4,583*155 -437s328 -1,234,i76 -6,662,391 321,752 51334,973 1,662,670 275,106 -1,272,562 7,169,663 2,427,936 -133,375 1,271,684 -2,185,482 17*456,712 5,454*184 -254,142 5,211,608 12,904,417 86,897 30,751,347 542,431 3,658,295 283,902 45,i73,890 2*093,361 22,841.918 814,037 5,979,355 3,457,177 2,593,260 0 0 3,510,472 0 0 0 9,234,613 2,458,396 1661558 3,825,000 0 4,492,976 7,794,655 0 3,156,931 3,571,350 1,265,909 21,7i3,093 0 0 225,000 23,929,235 3,304,006 22,823,881 162*689 5,979,S55 457,178 4,768,856 0 0 3,496,856 0 0 0 9*231,868 21*309,609 167*,52 15*811*627 0 4,637,443 7,849,250 0 2,958,715 2,282,768 1,898,864 20,356,143 0 1*956P232 112*500 21,686s112 3,304,021 Deficit or other reverse item. 1/ Report of trustees. 2/ Includes New York Central and Pennsylvania, which merged February 1, 1968. NET INCOME 1968 DIVIDEND APPROPRIATIONS 1967 GPO 864355 - tt KA,34: 4W A 58B , to revis UNIVERSITY OF FLORIDA 11IIIIIl3IIIhIlllllIIIIIi lllllillllll IN TE S 6TAT E COMMERCE COMMISSION 3 1262 08851 4616 Bureau of Accounts SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I RAILROADS IN THE UNITED STATES Statement No. Q-125 (IS) Third Quarter1968. Compiled from 78 railroad reports, Form IBS, (Excluding Switching and Terminal Companies) UNITED STATES EASTERN DISTRICT Income Account Items For the third quarter of 1968 1967 1/ 1. NET RAILWAY OPERATING INCOME ......................1139,746,269 2. OTHER INCOME ...................................... 120,846,880 3. TOTAL INCOME ................................... 260,593.149 4. MISCELLANEOUS DEDUCTIONS FROM INCOME .............. 20,426,298 5. INCOME AVAILABLE FOR FIXED CHARGES ............. 240166,851 6. FIXED CHARGES: 7. RENT FOR LEASED ROADS AND EQUIPMENT ............ 15,793,606 8. INTEREST DEDUCTIONS 3/ ........................ 107,449,742 9. AMORTIZATION OF DISCOUNT ON FUNDED DEBT ........ 1,289,405 10. TOTAL FIXED CHARGES ......................... 124,532,753 11. INCOME AFTER FIXED CHARGES ..................... 115,634,098 12. OTHER DEDUCTIONS ................................. 8,358,457 13. ORDINARY INCOME .................................... 107,275,641 14. EXTRAORDINARY ITEMS-NET ........................... 1,442,325 15. PRIOR PERIOD ITEMS-NET ........................... -676,022 16. FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR PERIOD ITEMS .................................... 92,230 17. TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS ..... 374,073 18. NET INCOME 4/ .................................. 107,649,714 19. DIVIDENDS ON COMMON STOCK ......................... *96,545,345 20. DIVIDENDS ON PREFERRED STOCK ...................... 1,762,077 20a RATIO OF INCOME TO FIXED CHARGES .................. Income Account Items 1. NET RAILWAY OPERATING INCOME ...................... 2. OTHER INCOME ...................................... 3. TOTAL INCOME ................................... 4. MISCELLANEOUS DEDUCTIONS FROM INCOME .............. 5. INCOME AVAILABLE FOR FIXED CHARGES ............. 6. FIXED CHARGES: 7. RENT FOR LEASED ROADS AND EQUIPMENT ........... 8. INTEREST DEDUCTIONS 3/ ....................... 9. AMORTIZATION OF DISCOUNT ON FUNDED DEBT ........ 10. TOTAL FIXED CHARGES ......................... 11. INCOME AFTER FIXED CHARGES ..................... 12. OTHER DEDUCTIONS .................................. 13. ORDINARY INCOME ................................... 14. EXTRAORDINARY ITEMS-NET ........................... 15. PRIOR PERIOD ITEMS-NET ............................ 16. FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR PERIOD ITEMS .................................... 17. TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS ..... 18. NET INCOME 4/ .................................. 19. DIVIDENDS ON COMMON STOCK ......................... 20. DIVIDENDS ON PREFERRED STOCK ...................... 20a RATIO OF INCOME TO FIXED CHARGES .................. Balance-Sheet Items Current Assets 21. CASH .............................................. 22. TEMPORARY CASH INVESTMENTS ........................ 23. SPECIAL DEPOSITS .................................. 24. LOANS AND NOTES RECEIVABLE ........................ 25. TRAFFIC AND CAR-SERVICE BALANCES--DR .............. 26. NET BALANCE RECEIVABLE FROM AGENTS AND CONDUCTORS . 27. MISCELLANEOUS ACCOUNTS RECEIVABLE ................. 28. INTEREST AND DIVIDENDS RECEIVABLE ................. 29. ACCRUED ACCOUNTS RECEIVABLE ....................... 30. WORKING FUND ADVANCES ............................. 31. PREPAYMENTS ....................................... 32. MATERIAL AND SUPPLIES ............................. 33. OTHER CURRENT ASSETS .............................. 34. TOTAL CURRENT ASSETS ........................... 1.93 $127,631,855 94,945.307 222,577,162 19,697,038 202,880,124 15,062,438 99,806,835 1,363,224 116,232,497 86,647,627 8,767,575 77,880,052 0 10,222,000 For the nine months of 1968 11 $496,696,588 341,254,933 837,951,521 62,261,058 775,690,463 45,870,619 316,529,212 3,651,981 366,051,812 409,638,651 25,002,790 484,635,861 9,226,716 -676,022 1967 1/ $452,193,632 318,407,262 770,600,894 57,060,344 713,540,550 44,728;961 295,557,234 3,830,191 344,116,386 369,424,164 26,467,926 342,956,238 0 10,222,000 0 172,176 0 10,222,000 8,378,518 10,222,000 88,102,052 393,014.379 353,178,238 *100,596,884 ** 335,981,786 **367,715,933 2,216,596 14,671,039 15,529,852 1.75 2.07 SOUTHERN DISTRICT For the third quarter of For the nine months of 1968 536.397,155 11.721,201 48,118,356 3,816,632 44,301,724 2,703,798 18,312,210 356,069 21,372.077 22.929,647 667,241 22,262.406 0 131,400 17,094 114,306 22,376,712 15,135,660 112,153 2.07 1967 130,649,903 9,819,367 40.459,270 2,568,266 37,891,004 2,594,659 17,025,293 391,023 20,010,975 17,880,029 669,120 17,210,909 0 0 1968 5117,517,844 37,418,327 154,936,171 10,214,539 144,721,632 8,127,725 54,263,724 1.080,902 63,472,351 81,249,281 2,002,824 79,246,457 7,692,801 131,400 0 17,094 0 7,807,107 17,210,909 87,053,564 1967 5114 675,336 36,974,028 151,649,364 8,238,428 143,410,936 7,890,897 50.904,272 1,168,145 59,963,314 83,447,622 2,008,979 81,438,643 0 0 0 0 81,438,643 15,105,500 46,908,132 45,660,184 116,152 2,859,782 2,870,109 1.89 UNITED STATES Balance at the end of September 1968 1967 6265,685,808 893,770,418 29,468.021 7,679,011 60,555,590 363,456,583 337,915,612 24,910,084 541.851,222 7,222,445 21,029,652 510,911,704 33,004,273 4,097,460,423 1265,676,6/2 835,883,744 32,206,861 7,174,252 65,914,197 316,675,013 334,213,926 15,484,961 462,490,525 10,083,254 16,754,121 513,753,159 31,184,197 2,907,494,882 2.28 For the third quarter of 1968 528,169.625 53,166,386 81,336,011 4,973.118 76,362,893 12,859,788 49,578,916 450,340 62,889,044 13,473,849 1,414,764 12,059,085 0 793,438 0 793,438 12,852,523 26,699,683 450,251 1.21 1967 1/ $30.484,635 40,263,697 70.748.,332 6,796,544 63,951,798 12,196,829 44,709,630 473,005 57,3/9,464 6,512,334 1,481,826 5,090,508 0 0 For the nine months of 1968 1/ $120,258,366 140,986,980 261,245,346 18,903,344 242,342,002 37t157,829 144,424,408 1,175,490 182,757,727 59,584,275 4,251,430 55,332,845 468,078 793,438 0 0 0 1,261,516 5,090,508 56,594,361 30,892,712 260,952 1.11 119,802,406 838,889 1967 1/ 5117,316,571 130,355,526 247,672,097 21,057,665 226,614,432 36,127,354 132,653,675 1,254,076 170,035,109 56,579,327 4,459,606 52,119,721 0 0 0 52,119,721 126,375,849 649,760 WESTERN DISTRICT For the third quarter of For the nine months of 1968 $75,179,489 55,959,293 131,138,782 11,636,548 119.502,234 230,020 39,558,616 482,996 4U,271,632 79.230,602 6,276,452 72,954,150 1,442,325 -1,600,860 1967 566,507,317 44,862.243 111,369,560 10,332,238 101,037,322 270,950 38,071,912 499,196 38,842,058 62,195,264 6,616,629 55,578,635 0 10,222,000 375,136 0 -533,671 10,222,000 72.420,479 65.800,635 1968 $258,920,378 162,849,626 421,770,004 33,143,175 388,626,829 585,065 117,841,080 1,395,589 119,821,734 268,805,095 18,748,536 250,056,559 1,065,837 -1,600,860 $220,201,725 151,077,708 371,279,433 27,764,251 343,515,182 710,710 111,999,287 1,407,970 114,117,967 229,397,215 19,999,341 209,397,874 0 10,222,000 155,082 0 -690,105 10,222,000 249,366,454 219.619,874 *54,710.002 *54,598,672 169,271,248 **195,679,900 1,199,673 1,839,492 10,972,368 12,009,983 2.97 Balance-Sheet Items Current Liabilities 35. LOANS AND NOTES PAYABLE 1I.............. 36. TRAFFIC AND CAR-SERVICE BALANCES--CR ... 37. AUDITED ACCOUNTS AND WAGES PAYABLE ...... 38. MISCELLANEOUS ACCOUNTS PAYABLE .......... 39. INTEREST MATURED UNPAID ................. 40. DIVIDENDS MATURED UNPAID ................ 41. UNMATURED INTEREST ACCRUED .............. 42. UNMATURED DIVIDENDS DECLARED ............ 43. ACCRUED ACCOUNTS PAYABLE ............... 44. FEDERAL INCOME TAXES ACCRUED ............ 45. OTHER TAXES ACCRUED .................... 46. OTHER CURRENT LIABILITIES ............... 47. TOTAL CURRENT LIABILITIES ............ UNITED STATES 2,60 3.24 UNITED STATES Balance at the end of September 1968 1967 $27.815,286 85,401,833 309,289,060 165,425,731 32,538,900 22,169,922 103,518,875 25,836,199 1,004,801,980 134,577,289 303,607,440 167.751,857 2.382,734,372 $67,619,594 86,596,954 298,792,682 164,143,358 40,483,297 23,802,293 94,354,750 34,708,632 888,405,842 100,390,676 290,946,123 150,754,925 2,240,99,126 Selected Assets and Liabilities EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD .................... EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EQUIPMENT ............... INVESTMENTS IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF AFFILIATED COMPANIES. OTHER DEFERRED CHARGES ...................................................... EQUIPMENT OBLIGATIONS AND OTHER DEBT DUE WITHIN ONE YEAR ................... ANALYSIS OF TAXES ACCRUED: U. S. GOVERNMENT TAXES ................................................... OTHER THAN U. S. GOVERNMENT TAXES ........................................ OTHER DEFERRED CREDITS ...................................................... Balance at the end of September j/ Includes operations of Erie-Lackawanna R.R. and Delaware & Hudson R.R. 1968 1967 / Includes operations of Erie-Lackawanna R.R. for the first quarter and those of Delaware & Hudson R.R. for first and second quarters. $248.851,212 $274,112,276 3/ Represents accruals, including the amount in default. 629,771,405 845,485,269 4/ Analysis of the net income for the third quarter in 1968 shows 50 carriers with a net income 280,950,588 304.530,1,22 of $155,042,844 and 23 carriers with a net deficit of $47,393,130 as compared with the third 170,975,331 176,268,599 quarter of 1967 which showed 43 carriers with a net income of $138,900,444 and 30 carriers 607,114,447 526,800,433 with a net deficit of $50,798,392. Excluded from the analysis are three roads whose net income (or deficit) was absorbed by the controlling company. 207,587,382 164,231,999 5/ Includes obligations which mature not more than one year after date of issue. 230,597,347 227,104,800 6/ Includes payments of principal of long-term debt (other than long-term debt in default) 240,850,728 238,890,936 which becomes due within one year after close of month of report. Includes dividends of $2,325,721 for 1968 and $2,321,721 for 1967 on class A stock. ** Includes dividends of $6,818,697 for 1968 and $6,959,164 for 1967 on class A stock. UNIV. OF FL LIB. U.S. DEPOpiTORY ] INTERSTATE COMMERCE COMMISSION Bureau of Accounts SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS FOR THE NINE MONTHS ENDED SEPTEMBER 1968 AND 1967 Page 2 District and railroad NET RAILWAY OPERATING INCOME NET INCOME DIVIDEND APPROPRIATIONS District and railroad NET RAILWAY OPERATING INCOME 1968 United States Total .............5496,696.588 Eastern District Total .......... 120,258,366 Akron, Canton & Youngstown ........ 903.107 Ann Arbor ......................... -196,763 Baltimore and Ohio ..............., 16,938,780 Bangor & Aroostook ................ 1,535,216 Bessemer & Lake Erie .............. 6,053,351 Boston & Maine .................... -593,600 Canadian Pacific Lines In Maine ... 300,605 Central Railroad Company of N.J. 1/ -3.809,843 Central Vermont ................... -562,380 Chesapeake and Ohio ............... 32,899,734 Chicago & Eastern Illinois ........ -1,506,750 Chicago & Illinois Midland ........ 336,576 Delaware and Hudson R. R ......... 1,362,143 Delaware and Hudson Ry. ........... / 4,949 Detroit and Toledo Shore Line ..... 361,265 Detroit, Toledo, and Ironton ...... 2,352,577 Elgin, Joliet and Eastern ......... 2.061,038 Erie-Lackawanna R. R............... -3,084,392 Erie-Lackawanna Ry................S 5,913,952 Grand Trunk Western ............... -6,769.898 Illinois Terminal ................. -513,857 Lehigh Valley .................... -3,425,614 Long Island ....................... -5,912,200 Maine Central ..................... 1,180,044 Missouri-Illinois ................. 3,239,804 Monon ............................. 953,869 Monongahela Ry. Co. ............... -290,766 New York, New Haven & Hartford I/ -18,760,580 Norfolk and Western ............... 79,870,094 Penn-Central Co..................... -5.045,484 Pennsylvania-Reading Seashore Lines -2,888,057 Pittsburgh & Lake Erie ............ 9,959,078 Reading Company ................... -337,525 Richmond, Fredericksburg & Potomac 2,451,475 Western Maryland .................. 5,268,418 Southern District Total ......... 117,517,844 Alabama Great Southern ........... Central of Georgia ................... Cincinnati, N. 0. & Texas Pacific . 2,379,896 2,400,866 8,139,251 1967 S452,193.632 1968 $393,014,379 1967 $353,178,238 1968 5350.652.825 1967 S383,245,785 1968 1967 1968 1967 1968 1967 Southern District Continued 117,316,571 56,594,361 52,119,721 120.641,295 127,025,609 Clinchfield ................................ Florida East Coast ......................... 733,817 575,100 397,398 508,128 508,128 Georgia Railroad, Lessee Organization ....... 300,723 -345,418 -7,098 281,210 0 Georgia Southern & Florida ................ 10,786,106 10,972,325 7,680,132 0 0 Gulf, Mobile and Ohio ....................... 1,606,513 378,417 1,233,185 0 557,411 Illinois Central .......................... 4,911,255 6,516,568 5,516,414 359,976 359,976 Louisville and Nashville .................... 361,503 -2,627,682 -2,901,244 0 0 New Orleans and Northeastern ................ 247,716 0 0 0 0 Norfolk Southern ............................ -6,388,041 -7,114,586 -9,526,862 0 0 Piedmont and Northern ....................... -1,020,812 -1,014,725 -1,475,821 0 0 Savannah & Atlanta Ry. Co. ................. 32,655,520 25,243,754 27,141,548 26,060,245 26,019,677 Seaboard Coast Line......................... -873,658 -2,029,710 -1,841,833 0 0 Southern ................................... 422,194 2,568,012 0 327,574 1.903,469 2,158,271 -1,652,334 0 -8,610,479 -79,979 -2,193,965 -5,821,878 1,200,946 2,559,246 781,761 779,973 -17,220,699 78,465,256 6,516,082 -2,942,633 8,518,720 -1.664,702 2,496,510 5,484,584 114.6/5,336 1,6/5,930 -2,245,001 5.757,796 489,003 1,198,072 -309,996 205.623 1,905,970 3,072,419 553,844 1,738,833 0 223,097 869,156 3,383,458 0 0 0 180,000 245,333 0 1,547,220 0 180,000 0 0 7,078.239 -195,919 472,085 1,047,981 7,669,247 10,753,500 24,477.559 1,260,093 620,830 653.946 481,432 18,666,964 31,611,874 Western District Total .................... 258,920,378 -5,834,764 -7,721,966 0 0 Atchison, Topeka & Santa Fe ............. 1,450,042 0 0 0 Chicago & North Western U............... -13,966,080 -14,944,401 0 0 Chicago, Burlington & Quincy ............... -819.627 -356,155 0 110,000 Chicago, Milwaukee, St. Paul & Pacific ...... -4,706,702 -2,963,095 0 0 Chicago, Rock Island & Pacific .............. -5,616,420 -5,506,448 0 0 Colorado and Southern ....................... -47,873 120,237 528,689 519,905 Denver & Rio Grande Western ................ 2,611,729 2,092,596 2.001.536 6,327300 Duluth, Missabe and Iron Range .............. 348,802 237,429 763,808 1,105,468 Duluth, Winnipeg& Pacific .................. -989,286 428,029 0 0 Fort Worth & Denver ......................... '17,804,617 -17,190,605 0 0 Great Northern ............................ 55,108,396 53,972,399 41,041,023 41,380,568 Kansas City Southern ........................ -747,150 4,831,283 41,523,575 41,249,724 Lake Superior & Ishpeming ................... -3.397,257 -3,447,326 0 0 Louisiana & Arkansas ...................... 10,139,039 8,607,151 3,175,371 3,175,440 Missouri-Kansas-Texas ....................... -2,751,991 -5,536,138 0 0 Missouri Pacific ............................ 3,362,068 3,222,284 1,614,678 1,627,069 Northern Pacific............................ 3,140,918 3,290,240 2,357,723 2,357,723 Northwestern Pacific ........................ St. Louis-San Francisco .................... St. Louis Southwestern ..................... Soo Line.................................... 87,053,564 81,438,643 49.767,914 48,530,293 Southern Pacific ............................ Spokane, Portland and Seattle ............... Texas & Pacific ............................. 2,145,002 1,674,708 896,828 896,828 Toledo, Peoria & Western ................... 926,770 -3,648,435 0 0 Union Pacific ............................... 4,414,590 2,567,568 897,000 897,000 Western Pacific ............................. 30,500,723 -1.394.285 13,040,193 4,877,414 -7,647,927 2,327,011 10,270,776 4,152,882 726,971 223,674 11,011,468 4,518,497 541,725 2,584,438 -524,999 20,135.014 7,144,675 862,992 12.947,520 19,828.655 6,107,130 52,811,006 1,726,178 4,455,080 536,761 52,608,012 4,548,594 7,709,671 -107,159 766,397 -447,069 7,747,474 14,028,389 21,663,071 767,390 216,603 804,628 383,622 24,161,051 31,792,543 0 -6,020 0 940,762 5,550,141 19,089,505 16.259,762 1.105,877 83,678 777,769 418,991 14,354.962 20.991,775 0 0 0 -151,704 0 0 0 0 0 -598,115 0 0 5,395,838 2,185,011 2,149,547 13,484,339 7,216,882 7,205,120 13,310,880 7,427,387' 7,425,971 597,043 0 0 -316,652 0 0 863,460 463,566 463,568 299,450 0 0 22,345,583 14,383,133 13,229,757 25,614,680 16,296,105 16,162.502 220,201.725 249,366,454 219,619,874 180,243.616 207,689,883 31,814,664 -5,020,149 10,2-6, 267 6,297,430 -13,366,561 803,467 9,856,426 4,020,767 532,338 -1,437,306 10,825,386 4,579,058 680,405 1,831,478 -3,153,263 24,317,932 5,962,908 -978,184 11,485,390 19.587,325 1,649,594 35,295,077 2,103,941 3,340,431 403,569 55,384,037 3,149,298 2/,267,726 -7,901,156 7.593.068 -1,431,417 -6,759,289 2,016,907 8,124,205 5,341,872 419,552 -823,394 11,580,385 5,947,379 460,321 2.671,116 -2,395,558 12,513, 023 14,192,583 1,171,597 7,511,807 20.053,870 4,241,908 57,581,012 1,274,440 4,357,767 531,931 69,998.269 3,826,530 27,890,081 -8,991,000 5,635,265 8,533,049 -13,227,019 622,279 7,848,819 5,425,289 195,904 -1,590,855 13,413,158 3,176,143 555,122 1,951,920 -5,101,861 18,554,683 12,276,344 -592,194 6,905,312 19,304,048 -286,934 38,642,677 1,056,080 3,720,375 407,496 70,469,174 2,826,535 32,719,069 4.901,796 9.396.129 2.53,260 0 0 5,265,095 0 0 0 13,854,460 3.687,594 249,686 3,900.000 0 6,818,697 11,678,886 0 3.948,744 3,571,350 2,848.296 32.569,639 0 1,955,556 337,500 36,643,853 3,304,006 32,686.2l1 891,315 9,396,129 4,769,952 5(252,102 0 0 0 13,848,460 22,538,607 251,026 15,811,627 0 6,959,164 11,762,743 0 5,576,677 2,282,766 1,898,864 30,534,215 0 1,935,908 225,000 37,765,314 3,304,01 Deficit or other reverse item. Report of trustees. Represents operations for six months ended June 30, 1968. Represents operations for the period July 1 Sept. 30, 1968, 4/ Represents operations for three months ended March 31, 1968. 5/ Represents operations for the period April 1 Sept. 30, 1968. 6/ Includes operations of New York Central and Pennsylvania, which merged February 1, 1968. / Includes operations of Chicago Great Western, which merged into Chicago & North Western July 1, 1968, NET INCOME DIVIDEND APPROPRIATIONS 0 rPQ a s-"S 3c~,' Ject to revi! UNIVERSITY OF FLORIDA IIIIIIIIIIIIIIIIIIIIIIIIINTERSTATE COMMERCE COMMISSION Bureau of Accounts SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I RAILROADS IN THE UNITED STATES Compiled from 78 railroad reports, Form IBS, (Excluding Switching and Terminal Companies) UNITED STATES Income Account Items For the fourth quarter of 1968 NET RAILWAY OPERATING INCOME ...................... 183.359,812 OTHER I TNOME ...................................... 179,217,485 TOTAL INCOME ....................................362,577,297 MISCELLANEOUS DEDUCTIONS FROM INCOME .............. 27,801,337 INCOME AVAILABLE FOR FIXED CHARGES ............ 334.775,960 FIXED CHARGES: RENT FOR LEASED ROADS AND EQUIPMENT ............... 15717.856 INTEREST DEDUCTIONS 3/ ......................... 100,987,077 AMORTIZATION OF DISCOUNT ON FUNDED DEBT ........ 1,377,207 TOTAL FIXED CHARGES ......................... 118,082,140 INOOME AFTER FIXED CHARGES ..................... 216,693,820 OTHER DEDUCTIONS .................................. 8,373.811 ORDINARY INCOME ................................... 208,320,009 EXTRAORDINARY ITEMS-NET ........................... 13,476,391 PRIOR PERIOD ITEMS-NET ............................ -48,289,862 FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR PERIOD ITEMS ............................ ..... -987,737 TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS ..... -33,825,734 NET INCOME 4/ .................................. 174,494,275 1967 1/ S22S.377,739 140#662,482 366,040,221 28,558,095 337,482,126 14,461,935 101,536,498 1,335,281 117,333,714 220,148,412 8,707,526 211,440,886 -274,675,326 38,085,007 For the twelve months of 1968 2/ 5680.056.400 520,146,382 1,200,202,782 90,062,395 1.110,140,387 61,588,474 417,237,738 4,981,705 483,807,917 626,332,470 33,376,600 592,955,870 22,703,107 -48,965,884 1967 1/ $677,571,371 459,069,742 1,136,641,113 85,618,441 1,051,022,672 59,190,896 397,093,727 5,165,473 461,450,096 589,572,576 35,175,452 554,397,124 -271,661,288 41,969,265 6,097,579 -815.561 6,097,579 -242,687,898 -25,447,216 -235,789,602 -31,247,012 567,508,654 318,607,522 19. DIVIDENDS ON COMMON STOCK .........................*155,051,465 *145,149,553 **491.033,251 **512,865,488 20. DIVIDENDS ON PREFERRED STOCK ...................... # 10,919,046 # 9,429,326 #25,590,085 #24,959,178 20a RATIO OF INCOME TO FIXED CHARGES .................. Income Account Items 1. NET RAILWAY OPERATING INCOME...................... 2. OTHER INCOME ...................................... 3. TOTAL INCOME ................................... 4. MISCELLANEOUS DEDUCTIONS FROM INCOME.............. 5. INCOME AVAILABLE FOR FIXED CHARGES........... 6. FIXED CHARGES: 7. RENT FOR LEASED ROADS AND EQUIPMENT ............ 8. INTEREST DEDUCTIONS 3/ ......................... 9. AMORTIZATION OF DISCOUNT ON FUNDED DEBT ....... 10. TOTAL FIXED CHARGES ......................... 11. INCOME AFTER FIXED CHARGES ..................... 12. OTHER DEDUCTIONS .................................. 13. ORDINARY INCOME ................................... 14. EXTRAORDINARY ITEMS-NET ........................... 15. PRIOR PERIOD ITEMS-NET ............................ 16. FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR PERIOD ITEMS .................................... 17. TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS ..... 18. NET INCOME 4/ .................................. 19. DIVIDENDS ON COMMON STOCK ......................... 20. DIVIDENDS ON PREFERRED STOCK ...................... 20a RATIO OF INCOME TO FIXED CHARGES .................. $46 16 65 5 60 2.84 2.88 SOUTHERN DISTRICT For the fourth quarter of For 1968 1967 196 ,926,931 550,148,611 S164,44 ,659,129 19,082,301 55.75 .586,060 69,230,912 220,19 ,328,485 3,047,480 15,54 .257,575 66,183,432 204,653 2,985,982 18,405,959 379,696 21,771,637 38,485,938 609,333 37,876,605 1,063,341 -8,538,858 -2,181,032 -5,294,485 32,582.120 22,323,609 1,047.219 2.77 2,686,368 17,312,451 398,231 20,397,050 45,786,382 665,324 45,121,058 216,596 4,781,415 2.29 the twelve months of 8 1967 4,775 S164,823,947 1.420 56,056,327 6.195 220,880,274 3,024 11,285,911 3,171 209,594,363 11,113, 706 72,343,649 1,460,597 84,917,952 119,735.219 2,612,157 117,123,062 8,756,142 -8,407,458 10,577,265 68,216, 718 1,566, 376 "80,360,359 129,234,004 2,674,303 126,559,701 216, 596 4,781,415 1,276,735 -2,163,938 1,276,735 3,721,276 2,512,622 3,721,276 48,842,334 119,635,684 130,280,977 20.987,228 69,231,741 1,054,220 3,907,001 3.24 2.41 66,647,413 3,924,329 For the fourth quarter 1968 S21,911,740 79,716,309 101,628.,049 8,855,370 92,772,679 12,553.509 43,182,542 427,677 56,163,728 36,608,951 1,407,029 35,201.922 2,973,341 -38,256.806 1967 857,907 54,000 111.908 10,813 101,095 11,526 45,579 372 57,478 43.616 1,462 42,153 -274.573 1,639 EASTERN DISTRICT of For the twelve months of i/ 1968 2/ 1967 1/ ,'929 $142.170,106 3175,224,S00 0,486 220.703.289 184.356,011 ,415 362.873,395 359,590,512 ,094 27.79,.714 31,870.758 ,321 335,114,681 327,709,754 ,753 ,888 N087 ,728 ,593 !930 ,663 ,419 ,538 49,711,338 187.654,432 1,555,685 238,921,455 96,193,226 5,658,459 90.534,767 3.441,419 -37,463,368 47,654,107 178,233.563 1,626,164 227,513,834 100,195,920 5,922,536 94,273,364 -274,573,419 1*639,938 27,600 890,112 27,600 890,112 -35,311,065 -273,823,993 -34,049,549 -273,823,993 -109,143 -231,670,330 56.485,218 -179,550,609 52,584,701 55,546,496 172,387,107 181,922,349 185,942 177,284 1,024,831 827,044 1.65 1.76 1.40 1.44 WESTERN DISTRICT For the fourth quarter of For the twelve months of 1968 5114.521,141 80,842,047 195,363,188 13,617.482 181,745,706 178,365 39,398,576 569,834 40,146,775 141,598,931 6,357,449 135,241,482 9,439,709 -1,494,198 1967 $117,321,199 67,579,695 184,900,894 14,697,521 170,203.373 248,814 38,644,159 564,963 39,457,936 130,745,437 6,579,272 124,166,165 -318,503 31,664,054 1968 1373,441,519 243,691.673 617,133,192 46,760,697 570,372,535 763,430 157,239,657 1,965,423 159,968,510 410,404,025 25,105.984 385,298,041 10,505,546 -3,095,058 1967 5337,522.924 218,657,403 556,180,327 42,461,772 513,718,555 959,524 150,643,446 1,972,933 153,575,903 360,142,652 26,578,613 333,564,039 2,695,535 35,548,312 1,165,695 3,930,732 1,320.777 3,930,732 6,779,816 27,414,819 6,089,711 34,313,115 142,021,298 151,580,984 391,387,752 367,877,154 *"80,143,155 *68,615,829 ** 249,414,403 **264,295,730 # 9.685,885 # 8,197,822 # 20,658,253 # 20,207,809 ..-J 0 0 I E a.~~% I < -L..~ a B .33 o I & li. j d g ^: y 4.6 as 6 4. Balance-Sheet Items Current Assets CAS ........................ .................... TEMPORARY CASH INVESTMENTS ........................ SPECIAL DEPOSITS .................................. LOANS AND NOTES RECEIVABLE ........................ TRAFFIC AND CAR-SERVICE BALANCES--DR. ............... NET BALANCE RECEIVABLE FROM AGENTS AND CONDUCTORS MISCELLANEOUS ACCOUNTS RECEIVABLE ................. INTEREST AND DIVIDENDS RECEIVABLE ................. ACCRUED ACCOUNTS RECEIVABLE ....................... WORKING FUND ADVANCES ............................. PREPAYMENTS ....................................... MATERIAL AND SUPPLIES ............................. OTHER CURRENT ASSETS .............................. TOTAL CURRENT ASSETS ........................... UNITED STATES Balance at the end of December 1968 5/ S238,600,184 946,709,035 31,823,831 3.821,797 61,918,959 386,099,138 340,724,020 22,182,608 540,564,648 6,857,598 23,851.313 475,207,981 49,907,648 3.128,268.760 Selected Assets and Liabilities 1967 S301,812,810 909,190,040 39,892,848 8,955,863 63.867,982 329,025,336 356,783,951 18,689,229 495,865,308 7,851,095 18,860,025 499,146,771 45,320,240 3,095,261,498 Balance-Sheet Items Cu s . LOANS AND NOTES PAYABLE 6/... . TRAFFIC AND CAR-SERVICE BALAN . AUDITED ACCOUNTS AND WAGES PA . MISCELLANEOUS ACCOUNTS PAYABS . INTEREST MATURED UNPAID..... . DIVIDENDS MATURED UNPAID.... . UNMATURED INTEREST ACCRUED.. SUNMATURED DIVIDENDS DECLARED . ACCRUED ACCOUNTS PAYABLE .... . FEDERAL INCOME TAXES ACCRUED OTHER TAXES ACCRUED ......... OTHER CURRENT LIABILITIES ... TOTAL CURRENT LIABILITIES Balance at the end of December 1968 / 1967 EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD ..................... S368,258.993 EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EQUIPMENT ................ 818,720,348 INVESTMENTS IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF AFFILIATED COMPANIES. 289,743,573 OTHER DEFERRED CHARGES ................................ ............ .. 27.8,558762 EQUIPMENT OBLIGATIONS AND OTHER DEBT DUE WITHIN ONE YEAR 27 ............... 612 272 311 ANALYSIS OF TAXES ACCRUED: U. S. GOVERNMENT TAXES ................................................... 213.798,691 OTHER THAN U. S. GOVERNMENT TAXES ........................................ 202,234.446 OTHER DEF ED CEEDITS ...................................................... 209775591 $374,096,900 1,148,380,932 308,386,163 131,951,274 525,141,645 189,698,489 212,445,307 222,912,360 UNITED STATES Balance at the end of December 1968 S/ 1967 ............. *105,348,495 355,659,821 ICES--CR. 69,337,549 98,803,627 &YABLE ..... 339,311,804 319,596,413 LE .......... 154,066,797 166,274,524 42,550,947 40,194,282 18,515,138 23,355,162 107,110,422 109,000,742 ....... 39,971.722 35,146,144 ............ 1,032897436 911,038,679 ............ 146,830,695 126,361,125 ............ 269,202,442 275,782,671 ............ 172,614,338 157,057,863 ............ 2,497,757,785 2,318,271,053 1/ Includes operations of Erie-Lackawanna R.R. and Delaware & Hudson R.R. 2/ Includes operations of Erie-Lackawanna R.R. for the first quarter and those of Delaware & Hudson R.R. for first and second quarters. 3/ Represents accruals, including the amount in default. 4/ Analysis of the net income for the fourth quarter in 1968 shows 52 carriers with a net income of $236,406,724 and 21 carriers with a net deficit of $61,912,449 as compared with the fourth quarter of 1967 which showed 56 carriers with a net Income of $264,795,338 and 17 carriers with a net deficit of $296,042,350. Excluded from the analysis are three roads whose net income (or deficit) was absorbed by the controlling company. 5/ Balance sheet items exclude New York, New Haven & Hartford R.R. 6/ Includes obligations which mature not more than one year after date of issue. 1/ Includes payments of principal of long-term debt (other than long-term debt in default) which becomes due within one year after close of month of report. * Includes dividends of $2,326,971 for 1968 and $2,323,471 for 1967 on class A stock. ** Includes dividends of $9,145,668 for 1968 and $9,282,635 for 1967 on class A stock. # Includes dividends of $198,655 for 1968 and 1967 on class B stock. Statement No. Q-125 (m3) Fourth Quarter 1968 Ak UNIV. OF-FL LIB. CUMENTS DEPT,. AUG - U.S. DEPONTORY INTERSTATE COMMERCE COMMISSION Bureau of Accounts SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS FOR THE TWELVE MONTHS ENDED DECEMBER 1968 AND 1967 -. NET RaIAUa oihtATING District and railroad ,I AE 1968 1967 United States Total ...,,.... ,68'0,056 400 6 U7,571,371 Eastern District Total ..i ... 14l,170,106/-*11f,224,900 Akron, Canton & Youngstown .. .,,.7 Ann Arbor .................... "' 2 Baltimore and Ohio ............. a. .3 1 Bangor & Aroostook ................ t 6,726 Bessemer & Lake Erie .............. 68252,459 Boston & Maine .................... -1,294,128 Canadian Pacific Lines In Maine ... 219,770 Central Railroad Company of N.J. /. -6,188,871 Central Vermont ................... -988,624 - Chesapeake and Ohio ............... 46,052,739 4 Chicago & Eastern Illinois ........ -1,110,773 - Chicago & Illinois Midland ....... 528.408 Delaware and Hudson RR.. ...... 1,362,143 Delaware and Hudson Ry l........... 1,606,786 Detroit and Toledo Shore Line ..... 653,273 Detroit, Toledo and Ironton ...... 3,414,15 Elgin, Jollet and Eastern ........ 2,442,772 Erie-Lackawanna R.R.4Z............. -3,084,392 Erie-Lackawanna Ry.5 .............. 10,664,305 Grand Trunk Western ............... 9,29,150 - Illinois Terminal .................. -850609 Lehigh Valley ..................... -4,445,358 Long Island ....................... -10.548,208 -1 Maine Central .................... 1,803,477 Missouri-Illinois ................. 4,532,301 Monon ............................. 1,439,584 Monongahela .......... .............. 289178 New York, New Haven & Hartford6J... -24,214,841 -2 Norfolk and Western ............... 106,883,572 10 Penn CentralI..................... .-26.992,878 1 Pennsylvania-Reading Seashore Lines -3,926,440 - Pittsburgh & Lake Erie ............ 13.691,003 1: Reading Company ................... -202,513 - Richmond, Fredericksburg & Potomac 3.199,572 Western Maryland .................. 6,855,241 1,036,074 378,144 4,790,031 1,623,120 6,474,007 277,330 -1,408 9,381,292 1,037,164 8,588,418 2,521,581 795,978 3,397,827 0 571,663 2,295,901 3,680,989 -207,778 0 9,365,070 -712,271 2,613,245 0,879,007 1,713,901 3,579,318 1,284,533 1,015,196 0,179,389 4,770,290 7,525,374 3,785,056 2,761,473 1,672,546 3,229,529 7,791,211 NET INCOME $567,508,654 5318,607,522 56,485.218 .179,550,609 740,543 -461,870 10,267,976 93,388 9,783,347 -3,839,426 0 -7.951,642 -1,604,414 44,164,411 -1,760,168 554,438 1,198,072 800,425 429,500 2,905,403 3,804,606 -5,834,764 4,533,038 -11,306,421 -1.356,755 -5,968,691 -10,292,570 260,969 3,682.505 807,118 -869,337 -22.316,123 74,141,338 -41,914,598 -4.608,189 13,875,897 -3,793,285 4,404,124 3,916,373 561,311 -45,125 14,164,436 883,762 8,119,439 -3,.417,243 0 -13,616,414 -1,541,399 41,144,144 -3,873,782 1,007,494 2,313,466 0 422,282 998,161 5,891,973 -10,181,829 0 -17,944,404 -1,107,449 -3,737,516 -10,420,738 323,472 2,943,174 1,620,277 545,454 -19,513,611 72,607,003 -260,096,782 -4,305,746 12,860,694 -5,402,887 4,389,255 4,858,519 DIVIDEND APPROPRIATIONS 1968 1967 $516,623,336 $537,824,666 173.411,938 182,749,389 659,296 399,835 0 0 7,419,976 0- 0 0 0 0 1,000,000 0 200,000 240,000 735,999 3,000,000 0 0 0 0 538,634 2,001.536 956,925 0 0 55,137.869 55,400,359 0 4,946,966 0 2,887,240 3,143,630 508,128 0 593,373 8,919,976 0 34,371,366 0 1,000,000 1,547,220 0 240,000 0 6,000,000 0 0 110,000 0 0 519,905 6,327,300 1,480,402 0 0 55,094,295 55,051,906 0 4,939,535 0 2,902,353 3,143,630 District and railroad 1968 Southern District Total ..................$164,444,775 Alabama Great Southern ..................... 3065.975 Central of Georgia ......................... 4168,918 Cincinnati, N. O. & Texas Pacific .......... 10,308,571 Clinchfield ................................ 9.430,809 Florida East Coast ......................... -307,883 Georgia Railroad, Lessee Organization ...... 649,194 Georgia,Southern & Florida ................. 1,500.129 Gulf, Mobile and Ohio ...................... 10,3900160 Illinois Central .............. .......... 15,930,861 Louisville and Nashville ................. 35,079,449 New Orleans and Northeastern ............... 1,491.949 Norfolk Southern ........................... 839,383 Piedmont and Northern ...................... 1,028,067 Savannah & Atlanta ......................... 645,758 Seaboard Coast Line ........................ 24,187,063 Southern ................................... 46,036,516 Western District Total .................. 373.441,519 Atchison, Topeka & Santa Fe ................ 48.096,591 Chicago & North Western /.................. -2.312.533 Chicago, Burlington & Quincy ............... 21.667,810 Chicago, Milwaukee, St. Paul & Pacific ..... 7247.471 Chicago, Rock Island & Pacific ............. -6.517,771 Colorado and Southern ...................... 2,873,805 Denver & Rio Grande Western ................ 13,929.699 Duluth, Missabe and Iron Range ............. 4,299.446 Duluth, Winnipeg & Pacific ................. 847,165 Fort Worth & Denver ........................ -138,137 Great Northern ............................. 20,574,160 Kansas City Southern ....................... 6,205,747 Lake Superior & Ishpeming .................. 588,286 Louisiana & Arkansas ....................... 3,259,558 Missouri-Kansas-Texas ....................... -768,545 Missouri Pacific ........................... 25,568.082 Northern Pacific ........................... 14,490,972 Northwestern Pacific ............... ...... 828,153 St. Louis-San Francisco .................... 18,649,682 St. Louis Southwestern .................... 24,252,505 Soo Line ................................. 8,835,729 Southern Pacific ........................... 65.160,641 Spokane, Portland and Seattle .............. 2,142,336 Texas & Pacific ............................ 6,534,371 Toledo, Peoria & Western ................... 652,919 Union Pacific .............................. 80,238.913 Western Pacific ............................ 6,234.464 NET RAILWAY OPERATING INCOME 1967 $164,823,947 NET INCOME 1968 $119,635,684 1967 $130,260,977 DIVIDEND APPROPRIATIONS $73,136,741 $70,971,741 2,625,516 3,264,479 2,865,776 1,233,139 1,233,119 -1,653,925 2,154.578 $1,443 0 0 8,318,113 5,312,695 4,002,272 2,781,025 2,556,779 10,199,499 0 0 0 0 22,861 90.420 72,145 0 0 867,045 0 0 0 0 669,110 1,374,249 464,502 0 0 10,422,881 8,635,094 8,267,702 4,029,285 3.813,392 21,346,321 26&142,901 25,364,070 9,623.216 9,609,462 31,410,789 22,904,741 19;908,322 12,380,145 12.374,144 993,377 1,336,849 829,219 0 500,000 528,951 150,578 -186,982 0 0 1,087,920 1.339,622 1,414,525 836.999 772,614 540,375 554,677 480 277 0 29,941,111 12.232,037 27,28 9196 9177,767 18.023,693 47,504,003 34,142,764 39,494,434 23,077,166 21,688,523 337,522,924 3914387,792 367,877,154 270,072,696 2845,03,535 50,750,447 -10.639,938 18,756,621 11,439,385 -14,048,747 1,453,725 13,958,237 4,280,043 957,659 -246,044 15,591,981 6,158,334 899,898 2,645,444 -5,150,959 33,649,196 13,325,968 -681,652 16,921,963 26,678,304 4,616,207 52,521,146 2,396,919 5,296,227 535,394 81,457,919 3,999,247 51,540.608 -92.568 15,300,469 2.612.012 -4,805,163 2.458,715 11,531,498 6,056,406 412,405 -1,412,927 21,800,053 5,602,286 438,447 3,153,437 -2,971,890 16,899,411 25,184,816 1,171,388 12,527,567 25,987,193 6,375,407 74,859,899 1,175,870 6,563,637 673,720 102,734,205 5,650,651 53,585,360 4,849,351 14,250,549 12,955,925 -16,676,7597 1,209,807 11,250,254 6,081,697 22,899 -496,894 19,323,461 4,064,591 802,513 2,808,652 -10,421,538 32,472,533 23,455,765 -242,556 11,551,177 26,355,998 2,696,444 54,717,361 1,118,585 4,982,465 560,562 102,133,037 4,465,953 45,698,400 19.346,257 12,812,903 2,593,260 0 757,365 7,005,987 12.000,000 0 0 18,474,862 4,916,792 332,890 3,975,000 0 9,344,323 15,575,007 0 5,376,207 7,866,625 4,430,682 44,783,254 0 1,955,556 562,500 47,859,476 4.405,310 45,654,236 11,8809,62 12,812,903 4,769,923 0 757,536 7,007,647 010.000000 0 0 18,465,663 23,768,005 334,107 15,811,627 0 9,481.290 15,667,488 0 5,571,044 3,571,350 1,898,864 41,390,762 0 1,935,908 337,500 48,981,997 4,405,694 - Deficit or other reverse item. 1/ Report of trustees. 2/ Represents operations for six months ended June 30, 1968. 3/ Represents operations for the period July 1, December 31, 1968. 4/ Represents operations for three months ended March 31, 1968. 5/ Represents operations for the period April 1, December 31, 1968. 6/ Final report of trustees as of 11:59 P.M. December 31, 1968: To be included in Penn Central January 1, 1969. 7/ Includes operations of New York Central and Pennsylvania, which merged February 1, 1968. 8/ Includes operations of Chicago Great Western, which merged into Chicago & North Western July 1, 1968. Page 2 GPO 873-951 |